-Live Mint   The poor remain poor because they lack resources. And the formal finance sector does not want to lend them because they are too poor, costs are high and they hardly have anything to offer as collateral. That is, they are trapped in the vicious circle of poverty. This was so until the arrival of microfinance—successfully demonstrated by the Bangladesh model that the poor are “good” borrowers. It was held...

-The Economic Times   When it comes to Indian women, the picture is largely unchanged; depressingly so, going by the World Development Report 2012, released by the Bank on Wednesday. The latest report focusing on Gender Equality and Development makes dismal reading. No doubt the lot of women in India has improved over the years but not commensurately with the progress made by their country. As a result, women today might be better...

-The Business Standard   Young women in India are much better off than their mothers, but they fare much worse than their counterparts in many developing countries when it comes to the physical survival rate of women and participation in labour force, says a report by the World Bank. The World Development Report titled ‘Gender Equality and Development’ looks at gender inequality as not just a moral but also an economic issue. The report...

-BankBazaar.com    Can you live on Rs 32 a day in Indian cities? This is what everyone is asking after the Planning Commission came up with this figure in its revised estimate of people living below the poverty line. How about living on Rs 26 a day in a village? Impossible, you say. That's the debate that has been going on in India for the past few days. There is certainly something missing with...

Discussing the ‘poverty line’ has become a bit like talking about sex or death. Everybody has a view on it. And no two persons have the same view. The planning commission, members of the national advisory council, the rural development minister, assorted chief ministers, social scientists, economists, the media, the bloggerati — all have made their points loud and clear. However, such is the topic that it continues to trigger verbal...